Foresight Group, a UK-based alternative asset manager, has promoted Russell Healy to partner. He joined the firm in 2007 as a senior portfolio manager.
Foresight Group (“Foresight”), the independent alternative asset manager, today announced the promotion of Russell Healey to Partner.
Russell joined Foresight in October 2007 as a Senior Portfolio Manager and is actively involved in the management of several portfolio companies, holding board observer and investment director positions with a number of companies, including Ixaris and Plum Baby. As Partner, Russell will continue to work closely with a growing number of portfolio companies across several industry sectors, in particular advising management teams on the financial aspects of their operations.
Bernard Fairman, Managing Director of Foresight, commented:
“Portfolio company management is more important than ever in the current economic climate as investee companies require additional guidance to navigate their way through the downturn. Russell has made and continues to make a hugely valuable contribution both to Foresight and to our portfolio companies. As the business grows, our ability to build and maintain a strong and dynamic leadership team remains a key priority. Russell’s promotion is a reflection of our commitment not only to recruiting new talent, but recognizing the existing talent we have within the company.”
Russell joined Foresight from Parkmead Group, a merchant bank, where he was involved in a wide range of corporate and principal finance projects. Previously he spent ten years in several technology and marketing management positions, including four years with Thomson Financial.
Russell holds a degree in Classics from Exeter University and an MBA from London Business School.
About Foresight Group
Foresight is an independent alternative asset manager specialising in funding growth companies and management buyouts across the environmental infrastructure and technology-led sectors. Foresight focuses primarily on investments in unquoted UK and European companies and offers investors access to a number of proprietary investment products.
Foresight manages £200 million across a number of proprietary funds, including Limited Partnerships, Enterprise Investment Schemes (EIS) and Venture Capital Trusts (VCTs).
Foresight’s current unquoted portfolio comprises more than 50 companies spanning a wide range of sectors including environmental infrastructure, communications, IT, media, support services and manufacturing.
Recent deals backed by Foresight include ICA, a document management solutions provider. Diagnos.co.uk, a software engineering company focused on the automotive sector. Vertal, a food waste recycling company. @Futsal, a facilities management company that provides indoor pitches for the football game Futsal, currently one of the fastest growing indoor sports in the world. 2K Manufacturing, a London based company which will manufacture a plywood substitute from waste plastics.